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Toyota invests CAD$1.4 billion in Canada plants

Staff Writer |
Ontario Premier Kathleen Wynne announced a major new investment to help secure more than 8,000 Toyota automotive manufacturing jobs in Ontario and strengthen the province's long-term global competitiveness during this period of economic uncertainty.

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Premier Wynne was joined by Justin Trudeau, Prime Minister of Canada, at Toyota's assembly plant in Cambridge to highlight how this new funding will boost the competitiveness of Toyota's Cambridge and Woodstock operations, as well as support the long-term viability of automotive production in Ontario.

Ontario's $110 million investment, matched by the federal government, is part of an overall investment valued at $1.4 billion. It will help establish Cambridge and Woodstock as Toyota's North American manufacturing hub for the RAV4, including hybrid versions.

Manufacturing the RAV4 is a complex, labour-intensive process that Toyota projects will support more than 8,000 existing jobs and add 450 new jobs.

As a result of this investment, Toyota's Ontario manufacturing operation will become the leading hybrid SUV producer within North America.

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